I am seeing a bunch of names setting up with bases or bull flags here. Some include: BJRI CERN CMG CTXS EMC HAIN LULU MED MRGE SMBL VMW. Of course, a pretty base means nothing if the bulls do not step up and buy with conviction to break the stock out. However, having those names on your watchlist is crucial to monitoring their developments to ascertain the strength (or lack thereof) in the broad market.
Even a name like SCSS looks good on strength. It has worked through a descending triangle, which you would think is bearish. However, the stock is still in an overall uptrend and no heavy sellers have come in yet. I like this on strength.
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LOFL (aka LO FUCKING L) at the topic.
Loving the Pelican Room, keep batting home runs bro.
Thank you, sir.